Namo eWaste Management Ltd IPO
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Namo eWaste Management Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 60.24 L | TBA | ₹ 20.03 L | ₹ 157.77 L | NSE | ₹ 51.2 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 04 Sep, 24 | 06 Sep, 24 | 1600 | ₹ 1,28,000 | Book Building - SME | 11 Sep, 24 |
Namo eWaste Management Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Miscellaneous |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 60.72x | 2859200 | 173603200 |
| NII | 394.56x | 859200 | 339003200 |
| Retail | 195.54x | 2003200 | 391699200 |
| Employee | 0x | 0 | 0 |
| Total | 150.12x | 6024000 | 904305600 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Namo eWaste Management Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 3.68 | 2.76 | 2.66 |
| EBITDA | 4.13 | 3.10 | 2.92 |
| PAT | 2.42 | 1.81 | 1.93 |
| Total Assets | 15.44 | 19.73 | 12.66 |
| Share Capital | 4.56 | 4.56 | 4.00 |
| Total Borrowings | 3.16 | 6.00 | 3.16 |
| Operating Activities (Net Cash) | 2.87 | 2.15 | 2.19 |
| Investing Activities (Net Cash) | -12.42 | -10.72 | -4.07 |
| Financing Activities (Net Cash) | 3.16 | 6.00 | 3.16 |
| Net Cashflow | 0.17 | 0.26 | 0.50 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Namo eWaste Management Ltd
The Company was originally incorporated as Namo eWaste Management Limited a public limited company under the Companies Act, 1956 at Delhi, pursuant to a certificate of incorporation dated January 13, 2014 issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. The Company commenced commercial operations pursuant to a Certificate for Commencement of Business dated January 29, 2014 issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. The Company's Corporate Identity Number is U74140DL2014PLC263441.
E-waste is the fastest growing waste stream in India with 3.2 million tons of e-waste generated a year, third highest after China and USA (According to `Global E-waste Monitor 2020'). Fast growing ICT sector is one of the prominent contributors to this increasing number of e-wastes. Upgradation and faster obsolescence of electronic products make consumers discard their products quickly, which in turn accumulate huge e-waste to the solid waste stream. Another challenge is that major recycling of e-waste is handled by the informal sector. The methods used for recycling are primitive and hazardous. This adds to the problem of climate change and pollution in India. These prevailing challenges make e-waste sector a major focal point for both government and industry.
Namo eWaste Management Limited is an E Waste collection, disposal and recycling company that offers comprehensive services for recycling of electrical and electronic equipment (EEE) waste like Air Conditioners, Refrigerator, Laptop, Phones, Washing Machine, Fans etc. We are an ISO 9001:2015, ISO 14001:2015, ISO 27001:2022 & ISO 45001:2018 certified company, complying with strict environmental regulations regarding handling hazardous products and disposing them safely to keep our environment green. The Company is committed towards managing large volume of electrical and electronic equipment waste and able to extract all of the components of an electrical item including precious and semi-precious metals like Copper, Aluminium, Iron etc.
Peer Comparison:
- Eco Recycling Ltd
- Cerebra Integrated Technologies Ltd
Namo eWaste Management Ltd IPO Key Points
Strengths
- A dedicated service provider for collection, management and recycling of E-waste material through in-house factory unit.
- Stringent quality control mechanism ensuring standardized product quality.
- Diversified revenue from multiple geographies.
- Synergy of young and experienced management team.
Risk
- The company is an authorised E-waste recyclers to carry on the business of Ewaste collection, disposal and recycling. Failure to renew it in a timely manner may result in fines, legal penalties, or even business shutdown.
- The company is primarily dependent upon few key suppliers within limited geographical location for collection and recycling of electronic waste, with whom the company has entered into long term purchase agreements which imposes fixed pricing conditions, stipulating that the company must purchase the materials at predetermined prices irrespective of market fluctuations.
- The company generate its major portion of sales from its operations in certain geographical regions and any adverse developments affecting its operations in these regions could have an adverse impact on its revenue and results of operations.
Strategy
- Expand its Domestic presence in existing and new markets.
- Setup of new integrated factory unit through its subsidiary i.e. Techeco Waste Management LLP.
- Focus on consistently meeting quality standards.
- Scale up branding and promotional activities.
- A dedicated service provider for collection, management and recycling of E-waste material through in-house factory unit.
- Stringent quality control mechanism ensuring standardized product quality.
- Diversified revenue from multiple geographies.
- Synergy of young and experienced management team.
How To Apply for Namo eWaste Management Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.